Serko Grants New Restricted Share Units to Executives

Serko Limited (NZX: SKO) has issued 1,055,607 unlisted Restricted Share Units (RSUs) to certain executives under the Serko Executive Long Term Incentive Scheme, as outlined in the FY24 Annual Report. These RSUs, valued at NZ$3.12 each, represent 0.862% of Serko's 122,488,425 ordinary shares.

The new RSUs account for 28.715% of the RSUs previously in existence, bringing the total to 4,731,732 RSUs. If all RSUs vest, they would constitute approximately 3.863% of Serko's total ordinary shares. The RSUs will vest in three tranches over 2025, 2026, and 2027, with no exercise price required for conversion to ordinary shares. This move aims to align executive incentives with long-term company performance.

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